July 24, 2024 01:36 GMT
MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday
MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY66.1 billion via 7-day reverse repo on Wednesday, with rate kept at 1.70%. The operation has led to a net drain of CNY203.9 billion after offsetting the CNY270 billion maturity today, according to Wind Information.
- The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.7000% at 09:36 am local time from the close of 1.7669% on Tuesday.
- The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 45 on Tuesday, compared with the close of 58 on Monday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.
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